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TD Securities analyst Craig Hutchison lowered the firm’s price target on Ivanhoe Mines (IVPAF) to C$24 from C$25 and keeps a Buy rating on the shares. Production at both Kamoa-Kakula and Kipushi was better than expected in Q4, but 2025 copper guidance will be impacted by power issues through at least the first half of this year, says the analyst, who updated estimates to reflect Q4 production and 2025 guidance.
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